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UPS Union Issues
The Boston Bully's New England Pension Fund in the Red Zone!
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<blockquote data-quote="Gimme Danger" data-source="post: 2193477" data-attributes="member: 61557"><p>Pension contributions are deferred wages. Our pension says you will get $248/month for every full year of work, from when you retire until you die (we have options where a spouse gets money after death of retiree). It isn't putting money into a 401k that when you retire, that's the money you have to retire on. (Maybe converting it into an annuity is comparable?)</p><p>What happens when it runs out? Social Security is there, but isn't enough to live on. </p><p>I'd rather have 5k a month in a pension, plus whatever I put in a 401k, plus social security when available.</p></blockquote><p></p>
[QUOTE="Gimme Danger, post: 2193477, member: 61557"] Pension contributions are deferred wages. Our pension says you will get $248/month for every full year of work, from when you retire until you die (we have options where a spouse gets money after death of retiree). It isn't putting money into a 401k that when you retire, that's the money you have to retire on. (Maybe converting it into an annuity is comparable?) What happens when it runs out? Social Security is there, but isn't enough to live on. I'd rather have 5k a month in a pension, plus whatever I put in a 401k, plus social security when available. [/QUOTE]
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The Boston Bully's New England Pension Fund in the Red Zone!
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